Penserra Capital Management LLC Has $242,000 Stock Position in Virgin Galactic Holdings, Inc. $SPCE

Penserra Capital Management LLC lowered its holdings in shares of Virgin Galactic Holdings, Inc. (NYSE:SPCE) by 33.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 88,954 shares of the company’s stock after selling 45,484 shares during the period. Penserra Capital Management LLC owned 0.21% of Virgin Galactic worth $242,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Apollon Wealth Management LLC acquired a new stake in shares of Virgin Galactic in the first quarter valued at approximately $31,000. Cerity Partners LLC bought a new stake in Virgin Galactic in the 1st quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Virgin Galactic during the 1st quarter valued at $33,000. Caption Management LLC boosted its position in Virgin Galactic by 112.1% during the first quarter. Caption Management LLC now owns 11,555 shares of the company’s stock worth $35,000 after purchasing an additional 107,315 shares during the period. Finally, Marathon Trading Investment Management LLC acquired a new position in shares of Virgin Galactic in the first quarter valued at $38,000. Institutional investors and hedge funds own 46.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPCE shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Virgin Galactic in a report on Wednesday, October 8th. Susquehanna restated a “neutral” rating and set a $4.00 price objective (up previously from $3.25) on shares of Virgin Galactic in a report on Thursday, October 9th. Finally, Wall Street Zen upgraded Virgin Galactic from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Virgin Galactic currently has a consensus rating of “Hold” and a consensus price target of $5.00.

Virgin Galactic Price Performance

Shares of Virgin Galactic stock opened at $3.64 on Thursday. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $209.34 million, a price-to-earnings ratio of -0.40 and a beta of 2.28. Virgin Galactic Holdings, Inc. has a twelve month low of $2.18 and a twelve month high of $8.19. The company has a 50-day simple moving average of $3.74 and a two-hundred day simple moving average of $3.44.

About Virgin Galactic

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.